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The durable medical equipment market is driven by the growing cases of chronic illness across the continents. Durable medical equipment provides great amount of support to patients suffering from diabetes, cancer, asthma, and arthritis, among others. Over the forecast period, the growing awareness about the enhanced safety offered by diversified tata durable medical equipment is likely to provide impetus to the market growth.
In August 2021, Invacare (NYSE: IVC) announced the launch of Invacare® AVIVA® STORM RX™ power wheelchair, which will set a new standard for rear-wheel-drive power mobility. Power wheelchairs require little stamina to travel long distances with ease and are known to provide safety and convenience to the elder people. The AVIVA brand has a unique identity that conveys a promise of superior technology, design and performance, which is likely to augment the global market growth.
In terms of region, North America is likely to account for a significant share in the market, owing to the growing investments and increasing healthcare expenditure in the United States of America and Canada in order to counter the chronic diseases, which are prevalent among the geriatric population. The market in the region will further be aided by the technological advancements in the healthcare infrastructure for the purpose of bolstering the quality of living among the citizens.
Market Breakup by Products, End-Uses, and Region:
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The major players in the global durable medical equipment market include Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill-ROM, Stryker Corporation, and Medline industries INC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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